Your failure is now complete. You were faced with a generational challenge to save Americans from the type of collapse European countries are now facing and you blinked. Actually, you did worse.
- The Reads You Need: Politics and failing debt talks (news.blogs.cnn.com)
- IT’S OFFICIAL: Here’s The Super Committee’s Statement Admitting It Failed (businessinsider.com)
- Overheard on CNN.com: Super committee ‘fail’ angers readers (news.blogs.cnn.com)
Once again, Speaker John Boehner and the GOP, have shown their disdain and disregard for the middle class and the poor. The GOP took over full control of the US House of Representatives in the 2010 elections, because they campaigned on job creation and spending cuts. But to date they have not done anything–absolutely nothing to create jobs or to alleviate the pain and suffering of the poor and needy. The only thing Mr. Boehner and his colleagues have done thus far is to oppose everything president Obama proposes and blame him for a bad economy.
On Thursday September 15 2011, Speaker Boehner presented his so-call jobs bill to the nation, in form of an address to the economic club of Washington. He called Obama’s plan to create jobs, which comprises a mix of tax incentives and state-targeted spending, a “poor substitute” for policies he, Mr. Boehner views as more effective.
He continues to say; “Private-sector job creators of all sizes have been pummeled by decisions made in Washington. They’ve been slammed by uncertainty from the constant threat of new taxes, out-of-control spending, and unnecessary regulation from a government that is always micromanaging, meddling, and manipulating,” said Boehner. “They’ve been hurt by a government that offers short-term gimmicks rather than fundamental reforms that will encourage long-term economic growth.”
Boehner went on to say:
“It’s a very simple equation. Tax increases destroy jobs. And the Joint Committee is a jobs committee. Its mission is to reduce the deficit that is threatening job creation in our country,” essentially pouring cold water on president Obama’s jobs bill which according to the CBO would create approximately 1.9 million jobs, plus provide tax incentives for small and large business as well as extending unemployment benefits and provide tax cuts for struggling American families.
There shouldn’t be any doubt whatsoever that the GOP is willing to negotiate in good faith– to ease the pain and suffering taking place in the richest country in the world.
In its response to Speaker Boehner’s speech, the White House through Jay Carney declares:
“Any plan to grow the economy and create jobs should be measured by whether it puts money in the pockets of middle class families, puts teachers, police officers, firefighters and construction workers back to work, and invests in our small businesses so they can grow and hire. The President’s plan meets that test. The American Jobs Act includes the kinds of proposals that have been supported in a bipartisan way in the past, is fully paid for, and prominent, independent economists say it could create between 1.5 and 2 million jobs. And the President’s plan rebuilds the economy the American way, based on balance, fairness and ensuring there is the same set of rules for everyone from Wall Street to Main Street. The President is committed to working with members of both parties in Congress to pass the American Jobs Act right away.”
The U.S. economy slammed into a wall in August, failing to add any jobs for the first time in nearly a year and ratcheting up pressure on President Barack Obama to find a way to kick-start the lagging recovery.
The negative jobs growth, along with news of Europe’s stalled efforts to aid debt-stricken Greece, rocked financial markets. The Dow Jones Industrial Average dropped 253.31, or 2.2%, to 11240.26, despite talk that the labor-market woes may spur the Federal Reserve to step in with more monetary support. Investors piled into safe-haven investments, sending gold up 2.6%. The yield on the 10-year Treasury, which falls as prices rise, briefly fell below 2% for just the second time in more than 50 years.
The GOP, including the current band of presidential hopefuls spared no time in blaming president Obama for the poor performance of the US economy.
But should the president be blamed for the poor showing of the US economy? I think the president deserves some blame, as are members of both houses of Congress.
According to the Constitution of the United States; Congress is the legislative body of government and it has failed to legislate the appropriate laws that would ensure a stable economy.
So all the talk about the president killing the economy is not true. It does not matter what great plan the president has–it must pass through both houses of Congress and Republicans are not allowing that.
Branches of Government
The Founding Fathers, the framers of the Constitution, wanted to form a government that did not allow one person to have too much authority or control. While under the rule of the British king they learned that this could be a bad system. Yet government under the Articles of Confederation taught them that there was a need for a strong centralized government.
With this in mind the framers wrote the Constitution to provide for a separation of powers, or three separate branches of government. Each has its own responsibilities and at the same time they work together to make the country run smoothly and to assure that the rights of citizens are not ignored or disallowed. This is done through checks and balances. A branch may use its powers to check the powers of the other two in order to maintain a balance of power among the three branches of government.
The three branches of the U.S. Government are the legislative, executive, and judicial. A complete diagram of the branches of the U.S. Government may be found in the U.S. Government Manual (PDF).
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